In 1874 real estate tycoon Louis F. Menage began plotting new subdivisions along Minneapolis's southern boundaries. Menage petitioned the City Council to accept his Prospect Park plats in 1884. Construction lasted into the 1910s as topography and geographic isolation made building difficult. Houses were designed in the popular architectural styles of the period, especially the Queen Anne and the Colonial Revival styles. The Minneapolis Board of Education constructed the Sidney Pratt Elementary School in 1898. Thomas Lowry's interurban commuter train served the neighborhood with its stop at Malcolm Avenue until eventually the intercity line between Saint Paul and Minneapolis along University Avenue was opened. The Franklin Avenue Bridge also eventually carried a line.
Tower Hill
, which is the site of the Prospect Park Water Tower, is often cited as the city's highest point and a placard denotes the highest elevation at, but a spot at in or near Deming Heights Park in Northeast Minneapolis is corroborated by Google Earth as the highest ground. The Tower, designed by Frederick William Cappelen, is listed on the National Register of Historic Places.
Demographics
The neighborhood is demographically diverse. Tower Hill extending south to the river contains families and retired empty-nesters. The Glendale Housing project southeast of 27th Avenue SE and University Avenue SE contains 700 families with the average household income slightly above $9,000 and 32% of residents living at or below the poverty level. On the former industrial areas of the west and north are newer student housingapartment buildings for both undergraduate and graduate students.
Government
Prospect Park is entirely within Minneapolis's Ward 2, currently represented by Cam Gordon on the Minneapolis City Council. The neighborhood association, , founded in 1901, is the oldest neighborhood association in the city of Minneapolis.
Arts and culture
The neighborhood has an annual "Ice Cream Social," a get-together for the neighborhood with food, music and other entertainment. It is the one time of year when the interior of the Prospect Park Water Tower is opened to the public, allowing for a panoramic view of Minneapolis from the top. Near the south end of the neighborhood on Bedford Street is the Malcolm Willey House, designed by Frank Lloyd Wright and named after a University administrator. The historic significance of the house played a large part in preventing its destruction when Interstate 94 was built in the 1950s. The current goal of the neighborhood is to establish an "urban-village" feel — that is, a somewhat self-contained feel in the context of a larger city. Prospect Park also has a few surviving houses from the 19th century. The neighborhood is home to two community centers, Pratt Elementary School and Luxton Park.